Glassnode

Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday's volume of $40M.

Meanwhile, open interest has increased to $62 million.

Live chart | @glassnode

Record day: Trading volume on CME crossed the $5 billion mark for the first time.

#Bitcoin

Live chart | @glassnode

ATH: There are now more 94,000 #Bitcoin addresses holding at least $1 million worth of $BTC.

The steep increase in mid December marks the point when BTC crossed $20,000 – making all early miner addresses (50 BTC rewards) millionaire addresses.

Live chart | @glassnode

Previous #Bitcoin bull markets are characterized by fingerprints of increased miner outflows of $BTC that had been acquired throughout prior years.

Even though we're seeing slightly higher outflows of older BTC, this same pattern has not emerged in the current bull market.

@glassnode

Since the Grayscale #Ethereum Trust reopened in February, at total of 195,000 ETH have flown into the trust.

53,000 #ETH were added yesterday alone.

The current AUM of the ETHE Trust is $5.5B – more than double since the beginning of the year.

Live chart | @glassnode

#BTC miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin's history so far.

Live chart | @glassnode

According to Dormancy Flow (entity-adjusted), we haven't even crossed the bear/bull threshold yet.

#Bitcoin

Live chart | @glassnode

While $ETH is hovering at all-time highs, CME's Ether Futures saw a total of $34.1 million in trading volume on its first day.

Open interest of the CME ETH futures product is currently at $20M.

#Ethereum

Live chart | @glassnode

$BTC is sitting above $43k after climbing consistently over the past week, reaching a new ATH of $44,127 today.

On-chain metrics continue to signal favorable conditions as the #Bitcoin supply remains restricted.

Read more | #TheWeekOnChain

$WBTC trading volume on @Uniswap hit a new ATH.

More than $46 million were traded on the exchange within one hour.

Live chart | @glassnode

#Ethereum miners earned $3.5M (!) in a single hour – the highest hourly revenue to date.

Live chart | @glassnode

The number of #Bitcoin whales (entities holding ≥ 1k $BTC) has seen an astounding increase.

Since the beginning of the year, more than 200 new whale entities have appeared in the network –– data supporting the case that institutions are arriving.

Live chart | @glassnode

We are currently seeing large inflows of $USDT worth hundreds of millions into exchanges.

Note that this is part of a swap of 2B USDt from TRC20 to #ERC20.

The total supply of Tethers will not change, as 2B TRC20 $USDt will be burned in the process.

Live chart | @glassnode

No, #Bitcoin qwnership is not highly concentrated.

We analyze the distribution of Bitcoin across network participants, and show that BTC ownership disperses over time and is much less concentrated than often reported. Meanwhile, BTC supply held by whales has recently increased, suggesting institutional investors are entering.

Full story | @n3ocortex

Over $4 billion worth of #ETH are now staked in the ETH 2.0 deposit contract.

Live chart | @glassnode

The #bitcoin supply stored in exchange wallets is at its lowest level since almost 2.5 years.

Live chart | @glassnode

$BTC has remained relatively stable over the past week, while #DeFi has its day with another week of strong performance. On-chain fundamentals for #Bitcoin remain strong.

Read more | #TheWeekOnChain

#Bitcoin network activity at ATH.

In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC – the highest monthly number in Bitcoin's history to date 📈

Live chart | @glassnode

Wrapped BTC (WBTC) volume on Uniswap hit an ATH.

A total of $38 million were traded on the exchange within a single hour after #BTC surged to over $36,000.

Live chart | @glassnode

$57 million #Bitcoin short positions were liquidated on Binance within 10 minutes after $BTC surged $4,000.

Live chart | @glassnode